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currencia · 28-06-2003, 16:09

One of the objects of this trading game is to have a few, select winners and 95% losers. This is a "fundamental" of the market. So, if you want to listen to and digest fundamentals, it is this "fundamental" that you ought be paying very close attention to in all you do and trade, rather than basic fundamentals of M1 and miscellaneous news that it is put out there to confuse. WHEN its is news, THEN it is confews! You been conned with that news!

WHEN the USA government finally starts broadcasting that it is purposefully weakening the dollar, and George Soros is on TV saying he is selling the USD for the Euro, THEN it is time to pay close attention to buying the USD. Call it the WHEN>THEN hypothesis.
Have you ever heard of accumulation, distribution, and capitulation as the primary market cycle? Perhaps one ought to learn it and carve it on a plaque in your trade room. I see many many traders blindly beleiving that "the trend is your friend". You have all been taught that and you beleive it because you need something simple to beleive in. I see many, many traders following the trend in wave 5 capitulation phase. You are doing just what the few want you to do.

Unless you work one spotting reversal ahead of time, you will never see wave 1 of a new trend, nor even wave 3 of a new trend until wave 3 is about to retrace in leg 4 of wave 3; that "aint " no time to be following the trend as a-b-c-d-e penannt is about to take your trendline money. What's left in the trendline is then wave 5; just the point where the few want you to follow along like sheep-the Capitulation wave.

I dont care if you want to use a microscopic view and trade the 1 min and 5 min chart. A chart is a chart. But, try to follow the accumulation, distribution, and capitulation of the market and stay away from the trendline trades in wave 4 and wave 5, or you will be giving back all your trendline profits real quick like, and then some!
WHEN does lower US interest rate strenghten the USD? That happens when most everyone insists that a lower interest rate can absolutely only weaken the USD.

28-06-2003, 16:09	#7
currencia level 3 Join Date: Aug 2002 Posts: 993 Downloads: 0 Uploads: 0 Rep Power: 0	One of the objects of this trading game is to have a few, select winners and 95% losers. This is a "fundamental" of the market. So, if you want to listen to and digest fundamentals, it is this "fundamental" that you ought be paying very close attention to in all you do and trade, rather than basic fundamentals of M1 and miscellaneous news that it is put out there to confuse. WHEN its is news, THEN it is confews! You been conned with that news! WHEN the USA government finally starts broadcasting that it is purposefully weakening the dollar, and George Soros is on TV saying he is selling the USD for the Euro, THEN it is time to pay close attention to buying the USD. Call it the WHEN>THEN hypothesis. Have you ever heard of accumulation, distribution, and capitulation as the primary market cycle? Perhaps one ought to learn it and carve it on a plaque in your trade room. I see many many traders blindly beleiving that "the trend is your friend". You have all been taught that and you beleive it because you need something simple to beleive in. I see many, many traders following the trend in wave 5 capitulation phase. You are doing just what the few want you to do. Unless you work one spotting reversal ahead of time, you will never see wave 1 of a new trend, nor even wave 3 of a new trend until wave 3 is about to retrace in leg 4 of wave 3; that "aint " no time to be following the trend as a-b-c-d-e penannt is about to take your trendline money. What's left in the trendline is then wave 5; just the point where the few want you to follow along like sheep-the Capitulation wave. I dont care if you want to use a microscopic view and trade the 1 min and 5 min chart. A chart is a chart. But, try to follow the accumulation, distribution, and capitulation of the market and stay away from the trendline trades in wave 4 and wave 5, or you will be giving back all your trendline profits real quick like, and then some! WHEN does lower US interest rate strenghten the USD? That happens when most everyone insists that a lower interest rate can absolutely only weaken the USD.